Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

MIAMI (May 30, 2006) - On May 26, 2006, Carnival Corporation & plc (NYSE/LSE:
CCL; NYSE: CUK) was notified that on May 26, 2006, David Dingle, Managing
Director of Carnival UK & P&O Cruises, exercised options over 19,613 ordinary
shares of US$1.66 each in Carnival plc ("Shares") (1,286 Shares at £9.72 per
share and 18,327 Shares at £15.47 per share) and sold 19,013 Shares at a price
of £21.90 per share. Dingle transferred 600 Shares from this exercise to his
spouse, who sold the 600 Shares at price of £21.90 per share. Following these
transactions, Dingle continues to hold directly or indirectly 123 Shares, and
options over 29,578 Shares and restricted stock units in the form of nil cost
options over 3,028 Shares.

This notification relates to disclosures made in accordance with Disclosure
Rule 3.1.4(R)(1)(a).

Further details and a copy of the Form 4, Statement of Changes in Beneficial
Ownership of Securities, to be filed by Mr. Dingle with the U.S. Securities &
Exchange Commission, can be found at the SEC web site, www.sec.gov, and the
Carnival Corporation & plc web site, www.carnivalcorp.com and 
www.carnivalplc.com.

MEDIA CONTACTS:

US

Carnival Corporation & plc

Tim Gallagher

305 599 2600, ext. 16000

UK

Brunswick Group

Sophie Fitton/Sarah Lindgreen

44 (0) 20 7404 5959


INVESTOR RELATIONS CONTACTS:

US/UK

Carnival Corporation & plc

Beth Roberts

305 406 4832